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 PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016

 

 

HSBC Bank Oman S.A.O.G. (‘HBON’) announces its preliminary unaudited financial results for the six months ended 30 June 2016.  This is in compliance with the rules and guidelines on Disclosure by Issuers of Securities and Insider Trading issued by the Capital Market Authority. 

 The preliminary unaudited financial results are subject to approval by HBON's Board of Directors.

 Key highlights:

 

 

30 June 16

30 June15

Change %

 

RO million

RO million

Total assets

2,238.7

2,350.8

(4.8)

Loans and advances to customers - net

1,399.1

1,314.7

6.4

Customer deposits

1,834.3

1,945.2

(5.7)

Total equity

304.3

303.9

0.1

Operating income

37.4

36.1

3.6

Loan impairment (charges) – net of recoveries

(3.4)

(2.2)

(54.5)

Operating expenses

(24.8)

(27.7)

10.5

Profit for the period

7.9

5.2

51.9